#b#Acquisitions#/b#
Exclaim, 111 Silvia Street, West Trenton 08628-3200; 609-434-0340; fax, 609-434-0344. Ivan Ruzic, president & CEO. www.exclaim.com
Exclaim, a developer of mobile phone applications, has acquired Mobiscious Inc., for an undisclosed amount. Mobiscious is the creator of the SnapMyLife.com and Snap2Twitter branded mobile consumer social media sites.
According to Exclaim, the acquisition is designed to enhance its app offerings and spur a next-generation social media platform for mobile consumers.
#b#New in Town#/b#
Datasys Consulting & Software Inc., 707 Alexander Road, Suite 208, Princeton 08540; 609-672-8118; fax, 609-243-0045. Azita Pachomski, senior IT recruiter. www.datasysamerica.com
Datasys, which also offers IT and software services, has moved into its new home on Alexander Road.
#b#Contract Awarded#/b#
Mikros Systems Corp. (MKRS.OB), 707 Alexander Road, Building 2, Suite 208, Box 7189, Princeton 08543; 609-987-1513; fax, 609-987-8114. Thomas J. Meaney, president. www.mikrossystems.com
Mikros, which conducts R&D for electronic systems technology for military applications, has received a $750,000 Small Business Innovation Research (SBIR) grant from the Naval Sea Systems Command for development of a “Wave Energy MicroBuoy” to be used as an at-sea platform for a communications relay or network gateway.
Pennington-based Ocean Power Technologies, which develops wave energy systems, is expected to be a major subcontractor.
Mikros and OPT will collaborate in the design and development of a miniaturized, self-powered ocean buoy that can carry network communications nodes at sea for extended periods.
Laser Energetics Suite 700, Mercerville 08619-; 609-587-8250; fax, 609-587-9315. Robert D. Battis, founder, president and CEO. www.laserenergetics.com
Laser Energetics has contracted with Israel’s Department of Corrections to sell its recently announced Dazer Laser, a non-lethal device meant to subdue an enemy without serious harm.
Israeli Corrections is conducting a pilot program with Dazer Laser in its prison system, and in conjunction with Israeli police and military units will report the results of their testing to these entities.
#b#Crosstown Moves#/b#
APN Consulting Inc., 1100 Cornwall Road, Suite 205, Monmouth Junction 08852; 609-924-3400; fax, 732-960-1683. Vedant Pathak, president. www.apnconsultinginc.com
APN, an IT staffing solutions and consulting firm, has moved from 475 Wall Street to Cornwall Road in Monmouth Junction. The firm founded eight years ago by Vedant Pathak gained national notoriety for its rise to the Inc. magazine 500 list last year.
Pathak, a native of Delhi, India, immigrated to the United States in 1998 and began his company in 2002. He had majored in chemistry at the University of Delhi, from which he graduated in 1989. His company finds IT professionals for large and mid-sized companies, many in the finance, insurance, and energy industries.
Pathak finds all of his candidates in the United States and serves clients throughout the country. He has an office staff of about eight, which includes his wife, Neela, who handles the company’s finances — and the family finances, too. The couple, who live in Dayton, have two daughters.
Digital Brand Expressions LLC, 101 Morgan Lane, Suite 203-B, Plainsboro 08536; 609-688-8558; fax, 866-580-6676. Veronica “Niki” Fielding, president. www.digitalbrandexpressions.com
Digital Brand Expressions, a search marketing and consultancy service, has moved from Route 27 in Kingston to Morgan Lane in Plainsboro.
Law Office of Michael Pisauro, 21 Route 31 North, Suite B-5, Pennington 08534; 609-919-9500; fax, 609-919-9510. www.pisaurolaw.com
The law firm of Frascella and Pisauro has closed at 100 Canal Pointe Boulevard, and attorney Michael Pisauro now operates his own firm in Pennington.
Tom Frascella and Pisauro did civil litigation, business law, and contracts. They also focused on these law areas: real estate, employment, environmental, intellectual property, family, and wills and estates.
Pisauro now concentrates in environmental law and governmental affairs.
Born in Trenton, Pisauro earned a bachelor’s in economics from James Madison University and his J.D. from the University of Richmond. He serves on the Hopewell Valley Green Futures Task Force and has been nominated by Governor Chris Christie to serve on the Site Remediation Professional Licensing Board, pending confirmation by the Senate.
FrontLine Technologies Inc., 12 Roszel Road, Suite C-104, Princeton 08540; 609-912-0004; fax, 609-912-0307. Kris Subramaniam, principal. www.frontlinetech.com
The software consulting firm moved from Lawrenceville to Roszel Road.
Virtus Group LLC, 221 Witherspoon Street, Suite 201, Princeton 08542; 609-683-0585; fax, 609-683-0623. Howard J. Mimnaugh, managing partner. www.virtus-group.com
Virtus Group, a certified public accounting firm, has relocated from Research Park to Witherspoon Street.
#b#Expansions#/b#
Analar Corporation, 41 Airpark Road, Suite 3, Princeton 08540; 609-921-7681; fax, 609-921-0053. Michael Renz, owner. www.analarcorp.com
Analar Corp., a charter helicopter and aircraft service based at the Princeton Airport, has opened a second location, at the 34th St. Heliport in New York City. It can be reached at 212-779-2010.
#b#Financing#/b#
Adavaxis (ADXS), 675 Route 1 South, Technology Center of New Jersey, North Brunswick 08902; 732-545-1590; fax, 732-545-1084. Thomas Moore, CEO. www.adavaxis.com
Adavaxis, which develops Listeria immunotherapy products, will sell $7.5 million in preferred stock to Los Angeles-based Optimus Life Sciences Capital Partners over a three-year period.
According to Adavaxis, the stock will accrue 10 percent dividends annually.
Adavaxis expects to use the proceeds to provide working capital and fund further clinical activity, including planned future clinical trials for its cancer vaccine drugs.
This is the second financing agreement between Adavaxis and Optimus. The first, reached in May, sold $1.39 million in stock to Optimus.
#b#Management Moves#/b#
The Bank of Princeton, 183 Bayard Lane, Princeton 08542-3719; 609-921-1700; fax, 609-921-8350. Andrew Chon, chairman. www.thebankofprinceton.com
Bank of Princeton, which has branches in Pennington, Hamilton, Princeton Borough, and Princeton Township, has named Steven Ackmann as its new president, effective immediately.
Ackmann, a 40-year veteran of the banking and financial industry, joins Bank of Princeton from Fidelity Deposit & Discount Bank, where he served as president and CEO. He replaces Martin Melilli.
Ackmann, a Washington State native, earned his MBA from the University of Pittsburgh and a master’s in finance from Oklahoma University.
He also holds bachelor’s degrees from Robert Morris College, Washington and Jefferson College, and the University of Washington. Prior to his time at Fidelity, Ackmann was senior executive vice president and COO of FNB in Pennsylvania and president and COO of Promistar Financial Corporation.
Signum Biosciences, 7 Deer Park Drive, Monmouth Junction, 08852. www.signumbiosciences.com
Signum Biosciences, which develops compounds designed to fight diseases related to aging, has named Braham Shroot, former CSO of Barrier Therapeutics, as its new CEO. Shroot replaces Gregory Stock, who will remain a member of the board.
The appointment coincides with Signum’s first commercialized skin-care compound, Arazine, which it helped developed with Japan-based pharma firm Rohto Pharmaceutical.
Shroot, who earned his bachelor’s in chemistry and his Ph.D. in organic chemistry from Glasgow University in Scotland, is also a board member of the Wound Healing Society and associate editor of the Journal of Investigative Dermatology.
Shroot was chief science officer and vice president of R&D for DFB Pharmaceuticals, a developer of pharmaceuticals for the skin, wound care, and surgical markets. Prior to that he worked for L’Oreal and Galderma.
#b#New Beginnings#/b#
Law Office of Maria Yelland Young, 2667 Nottingham Way, Suite 2, Hamilton 08619; 609-631-4400.
Daniel J. Graziano & Assoc., 3685 Quakerbridge Road, Box 3333, Trenton 08619-3333; 609-890-0400; fax, 609-587-8331. www.djglawyers.com
After 18 years attorney Daniel Graziano has closed his family law and estates planning firm and joined Szaferman Lakind on Grover’s Mill Road in Lawrenceville.
Graziano Associates employed nine, including attorney Tina Bernstein, who moved to Teich, Groh & Frost in Hamilton, and Maria Young, who has launched her own fim on Nottingham Way in Hamilton.
#b#Leaving Town#/b#
O’Donnell & Naccorato, 134 Franklin Corner Road, Lawrenceville, 08648. www.o-n.com
Structural engineering firm O’Donnell & Naccorato has left its office at Franklin Corner Road and no longer operates an office in New Jersey. the firm can be reached in Philadelphia at 215-925-3788.
Tangible Value LLC, 460 Wall Street, Princeton. www.tangiblevalue.com
Tangible Value, which provides software for financial services, appears to have left its office in Research Park. The company’s phone number has been disconnected and there is no forwarding information available.
#b#Deaths#/b#
John Conrad Plimpton, 44, on August 12. He was co-founder and partner of Equinox Fund Management.
Peter Staats, 92, on August 6. A longtime Montgomery-based farmer, he was the former president of the Farmer’s Co-Op in Belle Mead.
Dennis Ingdal, 59, August 9. He was a training coordinator in the state Department of Human Services for 32 years.
Donald Wible, 72, on April 11. He was the owner of Princeton Printing Company in the 1980s and 1990s.
